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These days, finding an affordable place to live in the 56140 area can be challenging. Home prices in 56140 are now at a median cost of $85,400, lower than the Minnesota average of $345,793.
The average cost of rent is $725/mo in 56140, primarily driven by the current value of real estate in the 56140 area. In 56140, 10.50% of households rent, and 57.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56140 is $4,924 per month. Households that rent pay about 14.73% of their income on rent here. 56140’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 56144, MN: higher priced homes
- 56177, MN: higher priced homes
- 56164, MN: higher priced homes
- 56128, MN: higher priced homes
- 57065, SD: higher priced homes
- 57028, SD: higher priced homes
- 57024, SD: higher priced homes
- 56139, MN: higher priced homes
- 56186, MN: higher priced homes
- 56153, MN: higher priced homes
Zip Codes with Similar Populations
- 68749, NE: higher priced homes
- 74459, OK: higher priced homes
- 71659, AR: equally priced homes
- 71377, LA: equally priced homes
- 71339, LA: higher priced homes
- 70651, LA: higher priced homes
- 70575, LA: higher priced homes
- 69335, NE: higher priced homes
- 69171, NE: higher priced homes
- 68969, NE: higher priced homes
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